Mobile phone accessory business expansion plan
Peter
Molo, Kenya
13% repaid
Entrepreneur
Name
Peter
Member since
May 2014
On-time repayments
164 installments • 9%
About Me
I am twenty years old and a student pursuing a bachelor’s degree in Economics with Information Technology in Maseno University situated in Maseno near Kisumu city. I began my education journey back in my home town of Molo in the year 2000 in St.Francis kindergarten and primary school. After successfully excelling in my final primary school examinations in the year 2008, I joined Koelel High School in Gilgil in Nakuru County. Four years later I managed to join Maseno where I am currently pursuing my degree course. At the moment I am in my first year of study and am working hard to achieve my academic goals.
My Business
I have an electronic shop specializing in sale of mobile phones and mobile phone accessories such as earphones, covers, batteries, SIM cards and chargers. I embarked on this business immediately after clearing high school in December, 2012. This was a great business idea that came into mind after identifying a huge market gap in Molo town. Such businesses located in Molo by then could not satisfy the large number of mobile phone users who were in need of such services. My initial capital came from my supportive parents after sharing my investment idea with them. I started off with US dollars 350 and that I used in obtaining the opening stock, registration of my business and payment of rent. On joining university I opted to hire a person to look after the business. My business has ever since been growing at an encouraging pace giving me the urge to expand it.
Loan Proposal
I have been realizing significant profits of averagely US dollars 55 every month. This is after calculating the total costs and taxes incurred including transport, electricity and paying my business caretaker. I am hoping to carry out an expansion on the business in the next few months. To achieve this dream, I am hoping you will consider funding me with a sustainable amount of US dollars 145 that I will add to my savings. I already have US dollars 95 and am requesting you to lend me the supplementary amount to facilitate the plan. With the total amount in hand, I will be in a position to obtain more stock and rent a bigger room for my business. I also hope to hire another employee to help in the expanded business. Kindly consider lending me the amount is requesting for. Thank you.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$150.00
Date disbursed
May 13, 2014
Repayment status
Late
Projected term
38 months
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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Summary
Amount repaid
$25.88
Amount remaining
$165.99
Expected completion
Jul 7, 2017
Status
Repaying late
Installment amount
$1.18
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 23, 2014 | $2.35 | May 23, 2014 | $2.35 |
| May 30, 2014 | $0.00 | ||
| Jun 6, 2014 | $1.18 | Jun 20, 2014 | $1.18 |
| Jun 13, 2014 | $1.18 | Jun 20, 2014 | $1.18 |
| Jun 20, 2014 | $1.18 | Jun 25, 2014 | $1.18 |
| Jun 27, 2014 | $1.18 | Jun 25, 2014 | $1.18 |
| Jul 4, 2014 | $1.18 | Jul 19, 2014 | $1.18 |
| Jul 11, 2014 | $1.18 | Jul 19, 2014 | $1.18 |
| Jul 18, 2014 | $1.18 | Jul 23, 2014 | $1.18 |
| Jul 25, 2014 | $1.18 | Aug 15, 2014 | $1.18 |
| Aug 1, 2014 | $1.18 | Aug 15, 2014 | $1.18 |
| Aug 8, 2014 | $1.18 | Aug 15, 2014 | $1.18 |
| Aug 15, 2014 | $1.18 | Sep 4, 2014 | $1.18 |
| Aug 22, 2014 | $1.18 | Sep 4, 2014 | $1.18 |
| Aug 29, 2014 | $1.18 | Sep 4, 2014 | $0.24 |
| Sep 17, 2014 | $0.94 | ||
| Sep 5, 2014 | $1.18 | Sep 17, 2014 | $1.18 |
| Sep 12, 2014 | $1.18 | Sep 17, 2014 | $1.18 |
| Sep 19, 2014 | $1.18 | Sep 17, 2014 | $0.24 |
| Sep 26, 2014 | $0.94 | ||
| Sep 26, 2014 | $1.18 | Sep 26, 2014 | $1.18 |
| Oct 3, 2014 | $1.18 | Sep 26, 2014 | $0.24 |
| Oct 1, 2014 | $0.94 | ||
| Oct 10, 2014 | $1.18 | Oct 16, 2014 | $1.18 |
| Oct 17, 2014 | $1.18 | Oct 18, 2014 | $1.18 |
| Oct 24, 2014 | $1.18 | ||
| Oct 31, 2014 | $1.18 | ||
| Nov 6, 2014 | $1.18 | ||
| Nov 13, 2014 | $1.18 | ||
| Nov 20, 2014 | $1.18 | ||
| Nov 27, 2014 | $1.18 | ||
| Dec 4, 2014 | $1.18 | ||
| Dec 11, 2014 | $1.18 | ||
| Dec 18, 2014 | $1.18 | ||
| Dec 25, 2014 | $1.18 | ||
| Jan 1, 2015 | $1.18 | ||
| Jan 8, 2015 | $1.18 | ||
| Jan 15, 2015 | $1.18 | ||
| Jan 22, 2015 | $1.18 | ||
| Jan 29, 2015 | $1.18 | ||
| Feb 5, 2015 | $1.18 | ||
| Feb 12, 2015 | $1.18 | ||
| Feb 19, 2015 | $1.18 | ||
| Feb 26, 2015 | $1.18 | ||
| Mar 5, 2015 | $1.18 | ||
| Mar 13, 2015 | $1.18 | ||
| Mar 20, 2015 | $1.18 | ||
| Mar 27, 2015 | $1.18 | ||
| Apr 3, 2015 | $1.18 | ||
| Apr 10, 2015 | $1.18 | ||
| Apr 17, 2015 | $1.18 | ||
| Apr 24, 2015 | $1.18 | ||
| May 1, 2015 | $1.18 | ||
| May 8, 2015 | $1.18 | ||
| May 15, 2015 | $1.18 | ||
| May 22, 2015 | $1.18 | ||
| May 29, 2015 | $1.18 | ||
| Jun 5, 2015 | $1.18 | ||
| Jun 12, 2015 | $1.18 | ||
| Jun 19, 2015 | $1.18 | ||
| Jun 26, 2015 | $1.18 | ||
| Jul 3, 2015 | $1.18 | ||
| Jul 10, 2015 | $1.18 | ||
| Jul 17, 2015 | $1.18 | ||
| Jul 24, 2015 | $1.18 | ||
| Jul 31, 2015 | $1.18 | ||
| Aug 7, 2015 | $1.18 | ||
| Aug 14, 2015 | $1.18 | ||
| Aug 21, 2015 | $1.18 | ||
| Aug 28, 2015 | $1.18 | ||
| Sep 4, 2015 | $1.18 | ||
| Sep 11, 2015 | $1.18 | ||
| Sep 18, 2015 | $1.18 | ||
| Sep 25, 2015 | $1.18 | ||
| Oct 2, 2015 | $1.18 | ||
| Oct 9, 2015 | $1.18 | ||
| Oct 16, 2015 | $1.18 | ||
| Oct 23, 2015 | $1.18 | ||
| Oct 30, 2015 | $1.18 | ||
| Nov 5, 2015 | $1.18 | ||
| Nov 12, 2015 | $1.18 | ||
| Nov 19, 2015 | $1.18 | ||
| Nov 26, 2015 | $1.18 | ||
| Dec 3, 2015 | $1.18 | ||
| Dec 10, 2015 | $1.18 | ||
| Dec 17, 2015 | $1.18 | ||
| Dec 24, 2015 | $1.18 | ||
| Dec 31, 2015 | $1.18 | ||
| Jan 7, 2016 | $1.18 | ||
| Jan 14, 2016 | $1.18 | ||
| Jan 21, 2016 | $1.18 | ||
| Jan 28, 2016 | $1.18 | ||
| Feb 4, 2016 | $1.18 | ||
| Feb 11, 2016 | $1.18 | ||
| Feb 18, 2016 | $1.18 | ||
| Feb 25, 2016 | $1.18 | ||
| Mar 3, 2016 | $1.18 | ||
| Mar 10, 2016 | $1.18 | ||
| Mar 18, 2016 | $1.18 | ||
| Mar 25, 2016 | $1.18 | ||
| Apr 1, 2016 | $1.18 | ||
| Apr 8, 2016 | $1.18 | ||
| Apr 15, 2016 | $1.18 | ||
| Apr 22, 2016 | $1.18 | ||
| Apr 29, 2016 | $1.18 | ||
| May 6, 2016 | $1.18 | ||
| May 13, 2016 | $1.18 | ||
| May 20, 2016 | $1.18 | ||
| May 27, 2016 | $1.18 | ||
| Jun 3, 2016 | $1.18 | ||
| Jun 10, 2016 | $1.18 | ||
| Jun 17, 2016 | $1.18 | ||
| Jun 24, 2016 | $1.18 | ||
| Jul 1, 2016 | $1.18 | ||
| Jul 8, 2016 | $1.18 | ||
| Jul 15, 2016 | $1.18 | ||
| Jul 22, 2016 | $1.18 | ||
| Jul 29, 2016 | $1.18 | ||
| Aug 5, 2016 | $1.18 | ||
| Aug 12, 2016 | $1.18 | ||
| Aug 19, 2016 | $1.18 | ||
| Aug 26, 2016 | $1.18 | ||
| Sep 2, 2016 | $1.18 | ||
| Sep 9, 2016 | $1.18 | ||
| Sep 16, 2016 | $1.18 | ||
| Sep 23, 2016 | $1.18 | ||
| Sep 30, 2016 | $1.18 | ||
| Oct 7, 2016 | $1.18 | ||
| Oct 14, 2016 | $1.18 | ||
| Oct 21, 2016 | $1.18 | ||
| Oct 28, 2016 | $1.18 | ||
| Nov 4, 2016 | $1.18 | ||
| Nov 10, 2016 | $1.18 | ||
| Nov 17, 2016 | $1.18 | ||
| Nov 24, 2016 | $1.18 | ||
| Dec 1, 2016 | $1.18 | ||
| Dec 8, 2016 | $1.18 | ||
| Dec 15, 2016 | $1.18 | ||
| Dec 22, 2016 | $1.18 | ||
| Dec 29, 2016 | $1.18 | ||
| Jan 5, 2017 | $1.18 | ||
| Jan 12, 2017 | $1.18 | ||
| Jan 19, 2017 | $1.18 | ||
| Jan 26, 2017 | $1.18 | ||
| Feb 2, 2017 | $1.18 | ||
| Feb 9, 2017 | $1.18 | ||
| Feb 16, 2017 | $1.18 | ||
| Feb 23, 2017 | $1.18 | ||
| Mar 2, 2017 | $1.18 | ||
| Mar 9, 2017 | $1.18 | ||
| Mar 17, 2017 | $1.18 | ||
| Mar 24, 2017 | $1.18 | ||
| Mar 31, 2017 | $1.18 | ||
| Apr 7, 2017 | $1.18 | ||
| Apr 14, 2017 | $1.18 | ||
| Apr 21, 2017 | $1.18 | ||
| Apr 28, 2017 | $1.18 | ||
| May 5, 2017 | $1.18 | ||
| May 12, 2017 | $1.18 | ||
| May 19, 2017 | $1.18 | ||
| May 26, 2017 | $1.18 | ||
| Jun 2, 2017 | $1.18 | ||
| Jun 9, 2017 | $1.18 | ||
| Jun 16, 2017 | $1.18 | ||
| Jun 23, 2017 | $1.18 | ||
| Jun 30, 2017 | $1.18 | ||
| Jul 7, 2017 | $0.11 | ||
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